Stabilité financière et monétaire internationale: un bien public en quête d'un cadre de gouvernance

Vera Songwe

Revue d'économie financière, 2023, vol. N° 151, issue 3, 317-326

Abstract: Drawing from the literature on global public goods, we examine the adequacy of the US financial and monetary system as a global public good in relation to emerging markets and low-income economies. We analyze the negative externalities caused by crises in the financial system and the possibility of adopting a Pigouvian-type tax with implications for frontier and emerging market economies. We examine the institutional framework needed for a truly global public goods version of the international financial and monetary system, reflecting on the global governance of such a system and on the tools needed for inclusive and enhanced global collaboration and coordination. JEL classification: D53, D62, E40, E58, F02.

JEL-codes: D53 D62 E40 E58 F02 (search for similar items in EconPapers)
Date: 2023
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